This is very significant and exemplifies a close US/Aust strategic relationship, IMO:
‘…The updated contract is an expenditure-based contract under which all of Lynas’ properly allocable construction costs will be reimbursed. A contribution by the U.S. Government of approximately US$258 million is currently allocated to the Project. This is an increase from the approximately US$120 million announced in June 2022. The updated contract follows detailed design work and cost updates since the original design was completed…’
And also illustrates the prime Defence-related US customer base…
This is very significant and exemplifies a close US/Aust...
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